GM declaring bankruptcy..

[HawaiiVol]

YouTube - GM Reinvention Commercial

 

[OrangeEmpire]

Here's the problem: $10 billion got them 17 - 20% while $27 billion got the bond holders (those that should have been first in line legally) only 10 - 12%.

I believe that the union also got moved ahead of secured debt holders in terms of claims on the new company. Team Obama screwed the bond holders hard.

In short, Obama took in the rear to get elected and now he is giving the UAW head in return?

 

[volinbham]

Interesting analysis about the potential for payback on our investment: bottom line, don't hold your breath.

Magic Act: Conjuring Up a Profit at GM - WSJ.com

 

[BigPapaVol]

Interesting analysis about the potential for payback on our investment: bottom line, don't hold your breath.

certain individuals are being paid back handsomely. They just happen to be unionized.

 

[Rasputin_Vol]

YouTube - The New GM